Sterling falls despite Carney's attempts to reassure markets

British pound fell during trading today, extending losses especially against dollar despite the Bank of England Chairman Mark Carney's remarks, in which he tried to reassure markets about Britain's exit from the European Union.

Carney said the central bank is able to counter any pressures from the Brexit, such as the slowing British economic growth and the rise of inflation.

Carney said that the Bank of England has all the tools needed to meet the risks to growth and any engines that drive the inflation to further rise, stressing the strength of the country's financial system and its ability to withstand the consequences of leaving the EU.

Britain faces the risk of recession in the absence of an agreement between the United Kingdom and the European Union to ensure that London remains within the union or to have other privileges.

In terms of trade, by 19:16 GMT, GBP/USD fell by 0.5% to 1.2515, and recorded the highest price at 1.2579 and the lowest price at 1.251.